Legal claims defining the scope of protection. Each claim is shown in both the original legal language and a plain English translation.
1. A method of dynamically rebalancing a transfer amount payable to a maintenance account established on a financial institution computer system, the account associated with a network enabled property and established for the benefit of a plurality of users of the network enabled property, the method comprising: creating, by the financial institution computer system, the maintenance account designated to pay for the cost of maintenance, repair, or replacement of the network enabled property, wherein the network enabled property comprises a network interface in electronic communication with the financial institution computing system and at least one sensor configured to determine usage information associated with the network enabled property; receiving from a manufacturer computing system via the network manufacturer data relevant to the network enabled property; based on the manufacturer data, determining a first usage-based adjustable maintenance schedule, wherein the first usage-based maintenance schedule is based on estimated usage of the network enabled property; based on the first usage-based maintenance schedule, determining a total transfer amount periodically payable by the users to the maintenance account; based on the first usage-based adjustable maintenance schedule and the total transfer amount, determining a first amount periodically payable by a first user of the network enabled property and a second amount periodically payable by a second user to maintain the network enabled property according to the first usage-based adjustable maintenance schedule; creating an automated transfer to the maintenance account from a first account, associated with the first user, of the first amount and from a second account, associated with the second user, of the second amount; and periodically automatically adjusting the first adjustable maintenance schedule and the automated transfer, comprising: receiving data, from the sensor, via the network interface of the network enabled property, the data comprising an amount of actual usage of the network enabled property, wherein the amount of actual usage comprises a first percentage of usage associated with the first user and a second percentage of usage associated with the second user; and based on the amount of actual usage of the network enabled property, determining a second adjustable maintenance schedule; and based on the second adjustable maintenance schedule, adjusting the total transfer amount by adjusting the first amount payable by the first user and the second amount payable by the second user based on the respective amount of actual usage by the first and second users, the adjusting comprising: determining a new automated transfer amount based on an amount of time before an estimated time for maintenance according to the second adjustable maintenance schedule; setting the first amount, payable by the first user, based on a first percentage of usage associated with the first user; and setting the second amount, payable by the second user, based on a second percentage of usage associated with the second user.
Financial services for managing property maintenance. This invention addresses the problem of dynamically rebalancing maintenance payments for network-enabled properties. A financial institution computer system establishes a maintenance account to fund the upkeep of a network-enabled property. This property is connected to the financial institution system and includes sensors to track its usage. Manufacturer data relevant to the property is received. An initial maintenance schedule is determined based on this manufacturer data and estimated property usage. A total transfer amount is calculated for this schedule. The total amount is then divided into individual payments for different users of the property. Automated transfers are initiated from user accounts to the maintenance account for their respective shares. The system then periodically adjusts the maintenance schedule and transfer amounts. This adjustment is triggered by sensor data reporting the actual usage of the property, broken down by individual user. A new maintenance schedule is created based on this actual usage. The total transfer amount is then revised, and individual user payments are recalculated based on their actual usage percentages. New automated transfer amounts are determined based on the time remaining until the next scheduled maintenance. The individual payments for each user are then set based on their respective usage percentages.
2. The method of claim 1 , further comprising: receiving manufacturer data relevant to the network enabled property comprising an amount of usage until recommended replacement; and comparing the data comprising amount of usage of the network enabled property to the amount of usage until recommended replacement.
This invention relates to monitoring and maintaining network-enabled properties, such as smart home devices or industrial equipment, to optimize their performance and replacement timing. The problem addressed is the lack of automated systems to track device usage and recommend maintenance or replacement based on manufacturer specifications. The method involves collecting real-time usage data from a network-enabled property, such as a smart appliance or sensor-equipped machinery. This data includes operational metrics like runtime hours, cycles completed, or energy consumption. The system also receives manufacturer-provided data, which specifies the recommended usage threshold before replacement or maintenance is advised. The collected usage data is then compared against this threshold to determine whether the property is nearing the end of its optimal lifespan. If the comparison indicates that the usage has approached or exceeded the recommended threshold, the system generates an alert or recommendation for maintenance or replacement. This ensures timely intervention, preventing failures and improving efficiency. The method may also integrate with predictive analytics to adjust replacement timelines based on environmental factors or usage patterns. The goal is to extend the property's lifespan while minimizing downtime and costs.
3. The method of claim 1 , wherein creating an automated transfer further comprises: sending a request for a confirmation to create the automated transfer of the amount; and receiving the confirmation, the creation of the automated transfer contingent on receiving the confirmation.
This invention relates to automated financial transfers, specifically a method for securely establishing recurring or one-time transfers between financial accounts. The problem addressed is ensuring that automated transfers are authorized by the account holder before execution, preventing unauthorized or accidental transfers. The method involves initiating an automated transfer of a specified amount between financial accounts. Before finalizing the transfer, the system sends a request for confirmation to the account holder, requiring explicit approval. The transfer is only created and executed upon receiving this confirmation, ensuring that the user has authorized the transaction. This step mitigates risks such as fraud, errors, or unauthorized access. The confirmation request may be sent via various channels, such as email, SMS, or a secure banking application. The system verifies the user's identity before processing the confirmation to further enhance security. Once confirmed, the automated transfer is established, allowing future transfers to occur without additional authorization unless specified otherwise. This method balances convenience with security, ensuring that automated transfers are only set up with explicit user consent.
4. The method of claim 1 , wherein the manufacturer data further includes expected lifetime based on amount of usage of either the network enabled property or a component of the network enabled property.
This invention relates to network-enabled property management systems, specifically addressing the challenge of tracking and predicting the lifespan of network-enabled properties or their components based on usage data. The system collects and analyzes usage data from network-enabled properties, such as smart home devices, industrial equipment, or other connected assets, to determine their operational lifespan. The manufacturer data associated with these properties includes expected lifetime estimates, which are dynamically adjusted based on actual usage patterns. By monitoring factors like frequency of use, operational conditions, and maintenance history, the system provides accurate predictions of when a property or its components may require replacement or servicing. This proactive approach helps prevent failures, reduces downtime, and optimizes maintenance schedules. The system may also integrate with external data sources, such as environmental conditions or historical performance data, to refine its predictions. The invention ensures that network-enabled properties remain reliable and efficient by leveraging real-time usage analytics to extend their operational lifespan.
5. The method of claim 1 , further comprising: receiving values for the plurality of amounts of money, each respective value linked to a respective user account; and creating a plurality of periodic transfers from each respective user account to the maintenance account, using the received values linked to each respective user account.
This invention relates to a financial system for managing periodic transfers of funds from multiple user accounts to a central maintenance account. The system addresses the problem of efficiently collecting and distributing funds from multiple sources in a structured, automated manner, ensuring timely and accurate transfers without manual intervention. The system involves a method for setting up and executing periodic transfers from multiple user accounts to a maintenance account. Users provide values representing the amounts of money to be transferred from their respective accounts. Each value is linked to a specific user account, allowing the system to identify the source of each transfer. The system then creates and schedules periodic transfers from each user account to the maintenance account based on the provided values. These transfers occur automatically at predefined intervals, ensuring consistent and reliable fund collection. The method ensures that funds are transferred securely and efficiently, reducing administrative overhead and minimizing errors associated with manual processing. The system can be applied in various financial contexts, such as subscription services, membership fees, or automated savings plans, where regular contributions from multiple users are required. The automation of transfers simplifies fund management and improves financial tracking for both users and administrators.
6. The method of claim 5 , wherein at least one of the first amount and the second amount is calculated based at least on the comparison and a time period of the plurality of periodic transfers.
A system and method for optimizing financial transactions, particularly periodic transfers between accounts, addresses inefficiencies in determining optimal transfer amounts. The invention calculates transfer amounts based on historical data and time periods to improve financial management. The method involves comparing transaction data over a specified time period to determine patterns or trends. At least one of the transfer amounts is then adjusted based on this comparison and the time period of the transfers. This ensures that the amounts are dynamically adjusted to reflect changing financial conditions or user behavior. The system may also incorporate additional factors, such as transaction frequency, account balances, or user preferences, to refine the calculations. By analyzing past transfers and their timing, the method provides a more accurate and adaptive approach to managing periodic financial transactions, reducing manual adjustments and improving financial planning. The invention is particularly useful in automated payment systems, budgeting tools, or financial management software where precise transfer amounts are critical for maintaining balance and avoiding overdrafts.
7. The method of claim 5 , wherein adjusting the one of the plurality of periodic transfers further comprises: receiving manufacturer data relevant to the network enabled property comprising an amount of usage until recommended replacement; comparing the data comprising amount of usage of the network enabled property to the amount of usage until recommended replacement, wherein each respective updated value is calculated based at least on the comparison and a time period of the plurality of periodic transfers.
This invention relates to managing network-enabled properties, such as smart home devices, by optimizing periodic data transfers based on manufacturer-recommended usage thresholds. The problem addressed is ensuring efficient and timely maintenance or replacement of these devices by dynamically adjusting data transfer intervals based on usage data. The method involves monitoring a network-enabled property to collect usage data, such as operational metrics or performance indicators. This data is periodically transferred to a remote system for analysis. The method further adjusts the frequency of these periodic transfers based on manufacturer-provided replacement recommendations. Specifically, the system receives manufacturer data specifying the expected usage duration until a device should be replaced. The actual usage data of the network-enabled property is then compared to this recommended threshold. The transfer intervals are updated based on this comparison, ensuring that data is collected more frequently as the device approaches its recommended replacement point. This dynamic adjustment helps maintain optimal performance and reliability while minimizing unnecessary data transfers. The method ensures that critical usage data is captured in time for proactive maintenance or replacement decisions.
8. The method of claim 6 , wherein the data received is the amount of usage of the network enabled property for one period of time of the plurality of periodic transfers.
A system and method for monitoring and managing network-enabled properties, such as smart home devices, involves tracking usage data over time to optimize performance and resource allocation. The technology addresses the challenge of efficiently monitoring and controlling network-enabled properties by collecting and analyzing usage data during periodic data transfers. Specifically, the method involves receiving data representing the amount of usage of a network-enabled property for a defined period of time. This data is then processed to determine usage patterns, identify inefficiencies, or detect anomalies. The system may adjust settings, allocate resources, or trigger alerts based on the analyzed data. The periodic transfers ensure continuous monitoring without overwhelming the network or the devices. By focusing on usage data for specific time periods, the system can provide granular insights into how the property is being utilized, enabling better decision-making for maintenance, energy efficiency, or security. The method may also integrate with other monitoring or control systems to provide a comprehensive overview of the property's performance. This approach improves operational efficiency, reduces costs, and enhances the reliability of network-enabled properties.
9. The method of claim 5 , wherein adjusting the one of the plurality of periodic transfers further comprises: sending a request for a confirmation to adjust the one of the plurality of periodic transfers; receiving the confirmation, the adjusting the one of the plurality of periodic transfers contingent on receiving the confirmation.
This invention relates to systems for managing periodic data transfers, particularly in environments where adjustments to transfer schedules must be authorized. The problem addressed is ensuring that modifications to periodic transfers are properly validated before execution, preventing unauthorized or erroneous changes that could disrupt data integrity or system operations. The method involves adjusting one of multiple periodic transfers by first sending a request for confirmation to modify the transfer. The adjustment is only executed after receiving explicit confirmation, ensuring that changes are authorized. This confirmation step acts as a safeguard, particularly in automated or high-volume transfer systems where unchecked modifications could cause errors. The method may be part of a broader system for scheduling, monitoring, or managing data transfers, where periodic transfers are predefined and require periodic or conditional adjustments. The confirmation process may involve user input, system validation, or approval from a supervisory module, depending on the implementation. This ensures that adjustments align with predefined rules or policies, such as security protocols, bandwidth constraints, or data consistency requirements. The method is applicable in various domains, including cloud computing, financial transactions, or distributed databases, where controlled and auditable transfer adjustments are critical.
10. A system for dynamically rebalancing a transfer amount payable to a maintenance account on a financial institution computer system, the account associated with a network enabled property and established for the benefit of a plurality of users of the network enabled property, the system comprising: a first network interface associated with the financial institution computer system; a network enabled properties database configured to store maintenance, repair, or replacement information on a network enabled property; and at least one processor configured to: create the maintenance account designated to pay for the cost of maintenance, repair, or replacement of the network enabled property, wherein the network enabled property comprises a second network interface in electronic communication with the financial institution computing system and at least one sensor configured to determine usage information associated with the network enabled property; receive from a manufacturer computing system via the network manufacturer data relevant to the network enabled property; based on the manufacturer data, determine a first usage-based adjustable maintenance schedule, wherein the first usage-based maintenance schedule is based on estimated usage of the network enabled property; based on the first usage-based maintenance schedule, determine a total transfer amount periodically payable by the users to the maintenance account; based on the first usage-based adjustable maintenance schedule and the total transfer amount, determine a first amount periodically payable by a first user of the network enabled property and a second amount periodically payable by a second user to maintain the network enabled property according to the first usage-based adjustable maintenance schedule; create an automated transfer to the maintenance account from a first account, associated with the first user, of the first amount and from a second account, associated with the second user, of the second amount; and periodically automatically adjusting the first adjustable maintenance schedule and the automated transfer, comprising operations to: receive data, from the sensor, via the network interface of the network enabled property, the data comprising an amount of actual usage of the network enabled property, wherein the amount of actual usage comprises a first percentage of usage associated with the first user and a second percentage of usage associated with the second user; and based on the amount of actual usage of the network enabled property, determine a second adjustable maintenance schedule; and based on the second adjustable maintenance schedule, adjust the total transfer amount, comprising operations structured to adjust the first amount payable by the first user and the second amount payable by the second user based on the respective amount of actual usage by the first and second users, the operations to adjust further comprising operations structured to: determine a new automated transfer amount based on an amount of time before an estimated time for maintenance according to the second adjustable maintenance schedule; set the first amount, payable by the first user, based on a first percentage of usage associated with the first user; and set the second amount, payable by the second user, based on a second percentage of usage associated with the second user.
This system dynamically rebalances financial contributions for maintaining a network-enabled property, such as a smart home or shared asset, by adjusting payments based on actual usage. The system includes a financial institution computer system with a network interface, a database storing maintenance data, and processors that create a maintenance account for shared users. The property itself has sensors to track usage and a network interface to communicate with the financial system. The system receives manufacturer data to establish an initial usage-based maintenance schedule, which determines the total cost and individual contributions from each user. Payments are automatically transferred from user accounts to the maintenance fund. Over time, the system adjusts the schedule and payments based on real-time sensor data, reflecting each user's actual usage percentage. The system also considers the time remaining until the next maintenance event to recalculate transfer amounts, ensuring fair and dynamic cost allocation among users. This approach optimizes maintenance funding by aligning payments with actual usage patterns, reducing financial discrepancies and improving resource allocation.
11. The system of claim 10 , wherein the processor is further configured to: receive manufacturer data relevant to the network enabled property comprising an amount of usage until recommended replacement; and compare the data comprising amount of usage from the one or more network enabled property to the amount of usage until recommended replacement.
A system monitors and manages network-enabled properties, such as smart home devices or industrial equipment, to optimize maintenance and replacement decisions. The system tracks usage data from these properties, including operational metrics like runtime, cycles, or performance indicators. The system also receives manufacturer data specifying recommended replacement thresholds based on usage, such as the expected lifespan or maintenance intervals for each property. By comparing the tracked usage data against these manufacturer-defined thresholds, the system identifies when a property is nearing the end of its recommended lifespan or requires maintenance. This comparison enables proactive maintenance scheduling, reduces downtime, and ensures optimal performance by replacing or servicing devices before failure. The system may also generate alerts or reports to notify users or administrators when a property exceeds or approaches its recommended usage limits. This approach improves asset management by leveraging real-time data and manufacturer guidelines to make data-driven maintenance decisions.
12. The system of claim 10 , wherein the data comprises the amount of usage for one period of time of automated transfer.
The invention relates to a system for managing automated transfers of data, particularly focusing on tracking and analyzing usage metrics over specific time periods. The system is designed to address the need for efficient monitoring and reporting of automated data transfers, ensuring accurate measurement of usage patterns and resource allocation. The system includes a data processing module that collects and processes transfer data, including the amount of data transferred during a defined time period. This module is configured to track usage metrics such as transfer volume, frequency, and duration, providing insights into system performance and resource utilization. The system also incorporates a reporting module that generates detailed reports based on the processed data, allowing users to assess transfer activity and optimize operations. Additionally, the system may include a user interface that enables users to configure transfer parameters, such as time periods and data thresholds, and view real-time or historical transfer data. The system may also integrate with external databases or cloud services to retrieve or store transfer data, ensuring seamless data management across different platforms. By monitoring the amount of data transferred during specific time periods, the system helps organizations identify usage trends, detect anomalies, and improve transfer efficiency. This capability is particularly useful in environments where data transfer volumes fluctuate, such as in cloud computing, network management, or enterprise data processing. The system's ability to track and analyze transfer data over time enables better decision-making and resource planning.
13. The system of claim 10 , wherein the processor is further configured to: send a request for a confirmation to update the automated transfer to usage the first adjusted amount and the second adjusted amount; and receive the confirmation, the updating the automated transfer contingent on receiving the confirmation.
This invention relates to automated financial transfer systems, specifically addressing the need for user confirmation before adjusting recurring payment amounts. The system enables dynamic modification of automated transfers between accounts, such as recurring bill payments or salary deposits, while ensuring user approval before finalizing changes. The processor monitors transaction patterns and adjusts transfer amounts based on detected usage changes, such as increased or decreased spending in linked accounts. For example, if a user's expenses rise, the system may propose increasing a salary deposit or reducing a bill payment to maintain balance. Before implementing these adjustments, the system sends a confirmation request to the user, requiring explicit approval before updating the transfer amounts. This ensures users retain control over financial adjustments, preventing unauthorized or unintended changes. The system also handles multiple adjusted amounts, such as modifying both a salary deposit and a bill payment simultaneously, while maintaining the confirmation requirement for each change. This approach enhances financial management by automating adjustments while preserving user oversight.
14. The system of claim 10 , wherein the manufacturer data further includes expected lifetime based on amount of usage of either the network enabled property or a component of the network enabled property.
A system for managing network-enabled properties includes a monitoring module that collects operational data from the property, such as usage patterns, environmental conditions, and component performance. The system also includes a data processing module that analyzes this data to determine the current state of the property and its components. A manufacturer data module stores predefined specifications, including expected lifetimes for the property or its components, which are based on usage amounts. The system compares the collected operational data against the manufacturer data to assess the remaining useful life of the property or its components. This allows for predictive maintenance, reducing downtime and optimizing maintenance schedules. The system may also include a user interface for displaying alerts or recommendations based on the analysis. The expected lifetime data helps in estimating when components may fail or require servicing, improving reliability and cost efficiency. The system can be applied to various network-enabled properties, such as smart appliances, industrial equipment, or building automation systems.
15. A non-transitory computer-readable media having computer-executable instructions embodied therein that, when executed by one or more processors, of a computer system cause the computer system to perform a process for dynamically rebalancing a transfer amount payable to a maintenance account on a financial institution computer system, the account associated with a network enabled property and established for the benefit of a plurality of users of the network enabled property, the process performed by the computer system including: creating, using the financial institution computer system, the maintenance account designated to pay for the cost of maintenance, repair, or replacement of the network enabled property, wherein the network enabled property comprises a network interface in electronic communication with the financial institution computing system and at least one sensor configured to determine usage information associated with the network enabled property; receiving from a manufacturer computing system via the network manufacturer data relevant to the network enabled property; based on the manufacturer data, determining a first usage-based adjustable maintenance schedule, wherein the first usage-based maintenance schedule is based on estimated usage of the network enabled property; based on the first usage-based maintenance schedule, determining a total transfer amount periodically payable by the users to the maintenance account; based on the first usage-based adjustable maintenance schedule and the total transfer amount, determining a first amount periodically payable by a first user of the network enabled property and a second amount periodically payable by a second user to maintain the network enabled property according to the first usage-based adjustable maintenance schedule; creating an automated transfer to the maintenance account from a first account, associated with the first user, of the first amount and from a second account, associated with the second user, of the second amount; and periodically automatically adjusting the first adjustable maintenance schedule and the automated transfer, comprising: receiving data, from the sensor, via the network interface of the network enabled property, the data comprising an amount of actual usage of the network enabled property, wherein the amount of actual usage comprises a first percentage of usage associated with the first user and a second percentage of usage associated with the second user; and based on the amount of actual usage of the network enabled property, determining a second adjustable maintenance schedule; and based on the second adjustable maintenance schedule, adjusting the total transfer amount by adjusting the first amount payable by the first user and the second amount payable by the second user based on the respective amount of actual usage by the first and second users, the adjusting comprising: determining a new automated transfer amount based on an amount of time before an estimated time for maintenance according to the second adjustable maintenance schedule; setting the first amount, payable by the first user, based on a first percentage of usage associated with the first user; and setting the second amount, payable by the second user, based on a second percentage of usage associated with the second user.
This invention relates to a system for dynamically rebalancing maintenance payments for a network-enabled property, such as a shared asset like a smart home or commercial equipment. The system addresses the challenge of fairly distributing maintenance costs among multiple users based on actual usage, ensuring funds are available for repairs or replacements while adjusting payments in real-time. The system creates a maintenance account linked to a network-enabled property, which includes sensors to track usage data. A financial institution computer system establishes this account, which is funded by periodic transfers from user accounts. Manufacturer data is used to generate an initial usage-based maintenance schedule, determining the total cost and individual contributions from each user. Payments are automatically transferred from user accounts to the maintenance account. The system continuously monitors usage through sensors, collecting data on how much each user contributes to the property's wear and tear. This data is used to adjust the maintenance schedule and payment amounts dynamically. If a user accounts for a higher percentage of usage, their contribution increases proportionally. The system also considers the time remaining before the next maintenance event, recalculating transfer amounts to ensure sufficient funds are available. This ensures fair, usage-based cost distribution while maintaining the property's upkeep.
Unknown
June 23, 2020
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